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jaguar mining inc (JAG) Details

Jaguar Mining Inc. engages in the acquisition, exploration, development, and operation of gold producing properties in Brazil. The company operates Turmalina mining complex and Caeté mining complex located in or adjacent to the Iron Quadrangle region of Brazil. Its portfolio also includes Gurupi project comprising 32 mineral rights totaling 137,419 hectares in the State of Maranhão; and Pedra Branca project consisting of 21 exploration licenses covering 34,228 hectares in the State of Ceará. The company was founded in 1984 and is based in Toronto, Canada.

jaguar mining inc (JAG) Key Developments

Jaguar Mining Inc. Announces Production and Sales Results for the Second Quarter of 2015

Jul 14 15

Jaguar Mining Inc. announced production and sales results for the second quarter of 2015. For the quarter, the company reported gold production of 20,682 ounces against 23,867 ounces a year ago.
For the quarter, the company reported sales of 19,184 ounces against 24,002 ounces a year ago.

Jaguar Mining Inc. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Year 2015

May 25 15

Jaguar Mining Inc. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $28,747,000 against $31,100,000 a year ago. Net loss was $12,946,000 or $0.12 per basic and diluted share against $15,755,000 or $15.76 per basic and diluted share a year ago. LBITDA was $1,510,000 against $1,996,000 a year ago. Adjusted EBITDA was $7,056,000 against $2,972,000 a year ago. Total capital expenditures were $5,381,000 against $4,324,000 a year ago. In the first quarter of 2015, sustaining capital expenditures were up by $1.3 million or 33% at $5.2 million compared to $3.9 million during the corresponding period in 2014, primarily due to higher capitalized brownfield exploration at Pilar mine and major rebuilds for machinery and equipment. Operating loss was $9,528,000 compared to $12,085,000 a year ago. Loss before income taxes was $9,281,000 compared to $15,761,000 a year ago. Net cash provided by operating activities was $12,177,000 compared to $2,609,000 a year ago. Purchase of property, plant and equipment was $5,280,000 compared to $4,136,000 a year ago.
For the quarter, the company reported produced 21,336 ounces of gold in the first quarter of 2015, compared to 23,359 ounces in the corresponding 2014 period: Turmalina produced 11,796 ounces of gold in the first quarter of 2015, compared to 11,374 ounces in the corresponding 2014 period, Caeté produced 9,540 ounces of gold in the first quarter of 2015, compared to 11,985 in ounces in the corresponding 2014 period. A total of 226,000 tones was processed in the first quarter of 2015 (first quarter of 2014: 268,000 tones) at an average head grade of 3.3 grams per ton (first quarter of 2014 - 2.9 grams per ton): Turmalina processed 111,000 tones (first quarter of 2014: 111,000 tones) at an average head grade of 3.6 grams per ton (first quarter of 2014: 3.2 grams per ton). Caeté processed 115,000 tones (first quarter of 2014: 157,000 tones) at an average head grade of 3.2 grams per ton (first quarter of 2014: 2.7 grams per ton). Consistent with efforts to decrease production costs, tones mined decreased in the first quarter of 2015 by 16% compared to the same period in 2014, while the average head grade milled increased by 14%. For the first quarter of 2015, the average gold recovery rate was 89%, compared to 88% for the comparable 2014 period.
The company is maintaining its 2015 guidance of approximately 56,000 ounces to 62,000 ounces, compared to 48,000 ounces in 2014.

Jaguar Mining Inc. announced delayed 20-F filing

May 1 15

On 05/01/2015, Jaguar Mining Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC.

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